NSW SOP Act to be Amended

    November 2013

    New South Wales has enacted a number of amendments to the Building and Construction Industry Security of Payment Act 1999 (the Act) but these changes will not take effect as yet. The date for the commencement of these amendments has yet to be proclaimed.

    The industry should be prepared to accommodate the changes which confusingly will apply only to contracts entered into after the date of commencement. This means that you will need to continue administrating claims made in relation to existing contracts under the existing regime even after the amendments become effective.